What to Watch Next Week: Micron Technology's Turn to Reveal Earnings

For the week of December 21, TheStreet awaits quarterly results from ConAgra Foods (CAG), Nike (NKE) and Micron Technology (MU). When the memory chip company releases its first quarter results, analysts are expecting Micron to report earnings of 23 cents a share on nearly $3.5 billion in revenue. Compared to the same quarter last year, when the company reported earnings of 97 cents a share on revenue of $4.57 billion, earnings are expected to decline. There are also several key economic reports scheduled to be released throughout the week. On Tuesday, we get the GDP numbers and existing home sales. Midweek, expect to see durable goods orders, personal income and outlays, and new home sales. Jobless claims are due out Thursday then markets are closed for Friday for Christmas. TheStreet's U-Jin Lee reports from Wall Street.